2, STANFORD CLOSE, REDDITCH, B97 5QW - £420,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 STANFORD CLOSE is a very large detached house of 185m², built sometime between 1983 and 1990, which could now be worth an estimated £417,258. It was last sold for £420,000 in February 2024, which was around 8% above the average February 2024 detached price in the Redditch local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

2 STANFORD CLOSE Sold Prices

Land registry data shows three sales for 2 STANFORD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 2 STANFORD CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 9 FEB	£420,000	£389,353	8% above HPI
2002 4 APR	£230,000	£148,430	55% above HPI
1997 30 JUL	£150,000	£90,909	65% above HPI

2 STANFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The three 2 STANFORD CLOSE sales between July 1997 and February 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2002 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the February 2024 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 2 STANFORD CLOSE be worth now?

2 STANFORD CLOSE might now be worth an estimated £417,258.

This is based on house price deflation of 0.7%, between February 2024 and December 2024, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 2 STANFORD CLOSE of £420,000 on 9th February 2024. For the value to have decreased from £420,000 to £417,258 over the two months to December 2024, the following assumptions must hold true:

• The value of 2 STANFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2024 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STANFORD CLOSE has not materially changed since February 2024.

How Large is 2 STANFORD CLOSE?

2 STANFORD CLOSE is 185m² according to the EPC inspection conducted in April 2023. This puts it in the largest 10% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 2 STANFORD CLOSE lies on this distribution: 96% of detached houses houses are smaller than 2 STANFORD CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 STANFORD CLOSE: Plot and Title Map

2 STANFORD CLOSE sits on a plot of roughly 0.176 of an acre, or 713m². The below map shows the location of 2 STANFORD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 STANFORD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 STANFORD CLOSE?

2 STANFORD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 2 on STANFORD CLOSE.